CNQC International Holdings Ltd. Reports 9.8% Decline in Revenue, Gross Profit Rises Amid Net Loss for H1 2025
CNQC International Holdings Ltd. has reported its unaudited condensed consolidated interim results for the six months ended 30 June 2025. The company's revenue for the reporting period was HK$4.404 billion, a decrease from HK$4.884 billion in the same period of 2024. Despite the drop in revenue, the company achieved a gross profit of HK$301.1 million, up from HK$280.7 million in the previous year. Operating profit stood at HK$141.9 million, a decrease from HK$204.3 million in the prior year. The net profit for the period was HK$51.0 million, an improvement from HK$29.6 million reported in 2024. This increase in net profit was realized despite a decrease in finance costs, which amounted to HK$70.5 million, compared to HK$148.1 million in the previous year. The company incurred an income tax expense of HK$29.8 million, compared to HK$24.7 million in 2024. CNQC International Holdings Ltd. continues to focus on its core operations in foundation and construction, property development, and related investment business across Singapore, Southeast Asia, Hong Kong, and Macau.
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